The latest seal of approval comes less than a week after the Federal Cabinet approved the file, and soon after council votes in Munich, Garmisch-Partenkirchen and Berchtesgadener Land confirmed similarly unequivocal backing.

The Bid Committee can now make the final preparations for its presentation to the Olympic Council of Asia on Friday (November 12) confident of the total support of all relevant authorities.

Thomas Bach, President of the German Olympic Committee and chairman of the Munich 2018 Shareholders' Assembly, believes the universal approval of the Candidature File will be a significant boost in the months ahead.

"Building on the success of our time at the Association of National Olympic Committees General Assembly in Acapulco last month, and especially our excellent presentation to the NOCs, this public vote of confidence will certainly give Munich 2018 a big lift," he said.

"The sustainability of our bid concept, in particular, has created huge enthusiasm among all our shareholders.

"Munich 2018's bid is founded on existing world-class infrastructure and state-of-the-art venues, which guarantee that investment costs will remain low - these are very important attributes."

Bernhard Schwank, chief executive officer of the Bid Committee, said: "With the approval of local, regional and federal political bodies and from all of our shareholders, all budgets and guarantees have been assured.

"The Bid Committee can continue our international campaign in the knowledge that the politicians and the public at home are all behind us.

"Our environment and sustainability concept is a real highlight of the bid.

"With a budget of more than €100 million and 18 ambitious projects such as the Plus-energy Olympic Village, electromobility programmes and a Centre for Sustainability in Garmisch-Partenkirchen, the concept will ensure Munich and Bavaria are setting new standards at the very cutting edge of the global green movement."

Mayor of Munich and deputy chairman of the Munich 2018 Supervisory Board, Christian Ude, highlighted the enormous positive impact hosting the Olympic and Paralympic Winter Games could have on the city.

"With the Games in Munich, we will be able to implement a number of infrastructure developments and make our city an even more attractive environment for its citizens, for tourists and for businesses," he said.

"Two major investments would be needed from the city of Munich.

"First, there is the Olympic Village which, after the Games, would become an environmentally friendly apartment complex in the heart of the desirable Olympic Park area.

"And second, the renovation and modernisation of existing buildings and infrastructure to ensure a greener future for Munich and Bavaria."

Prime Minister of Bavaria, Horst Seehofer, said: "All political bodies concerned have demonstrated their complete support.

"The German population stands behind the bid.

"I am sure we will submit a superb Bid Book to the IOC in January 2011 and I am confident we can stage an unforgettable Winterfest in 2018."


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